In 2019, the stock market recorded a tear, where indexes such as the S&P 500 hit more than 25%. Since 2013, S&P 500 as a major index has been recording low values. Simply put, some indexes made a comeback in 2019. But, what will happen in 2020? What are the top stock ideas to consider in 2020?
Despite the recession fears, fund managers’ advice that economic growth will be realized in 2020. In 2019, there were several pushing factors that hindered investors’ efforts such as the labor market and the USA-China trade agreements. With the Federal Reserve being on hold and signing of the trade deal between China and the United States of America, the trade optimism is now on board.
The U.S economy is on steady, moderate expansions. Fund managers, content marketers, and other service providers are ready to make investments in the first quarter of next year. Some stocks and commodities will definitely perform better than others. How do you identify the best commodity/stock to go for? If you’ve decided to invest in the stock market early next year, these are the best stock picks to go for.
1. Vulcan Materials Construction Company (VMC)
VMC is a renowned material company worth more than $4.8 billion in terms of revenue generation. The company is currently expanding to manufacture more materials to cater for the high volume client base. Vulcan Materials collaborates with the federal government to improve the state’s infrastructure level.
VMC has a 37.7% YTD and an average return of 14.9%. In 2020, the federal-state intends to better the infrastructure level at Capitol Hill. This will be a great boost for the company and the investors altogether.
2. National Vision Holdings (EYE)
National Vision Holdings is a $1.7 billion investment that focuses on selling contact lenses and eyeglasses at a retail level. The company also offers comprehensive eye checkups at a considerate fee. Since its inception, the company has witnessed continued growth as a result of offering quality services and products. The company has a YTD of 37.6% and an average annual return that amounts to 20.1%.
National Vision Holdings is also leveraging on other market prospects such as lab research and cybersecurity. The company continue to gain more market share and bringing new customers on board. In 2020, EYE is the stock pick to consider in terms of making investments.
3. Navigator Holdings (NVGS)
Navigator Holdings is an international multi-faceted company that supplies LPG gas globally. For the last three years, NVGS has been making numerous investments in terms of partnerships and infrastructure development. In 2020, the investments are expected to start paying handsomely.
Being an international shipping company, NVGS is set to start exporting sizable energy products across the entire world. Simply put, NVGS is amongst the top stock picks to consider for 2020.
4. Everbridge Company (EVBG)
Everbridge is an international cloud-based software firm that works in collaboration with government agencies, corporations, and large-scale firms. The company offers tools used for collecting large sets of data such as mass population and census efforts. The company offer features used to update users when cyber-attack or natural disasters cases arise.
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The $147 million investment recorded an annual growth of 30% in 2019. In 2020, more companies will invest in cloud-based services. Being established to cater for an extended number of corporations, institutions, and government agencies, Everbridge is all set to handle your woes. Ready to make an investment? Don’t be left behind.
5. Exact Sciences (EXAS)
EXAS managed to hit the headlines in 2019 due to the recorded 80% growth. The company’s primary product is Cologuard, a product that helps users to screen stool at a home level. EXAS has managed to partner with reputable companies such as Pfizer, where the results have been substantial and beneficial. Having released the signature product, Exact Sciences aims to release an affordable cancer diagnosis procedure. Here, the future is termed as luminous. Make your investments in advance.
Before you launch your investment campaign, you need to find the best strategies and investment packages. In short, you need to carry out extensive research to identify the best stock picks to go for. Understanding what’s appropriate for you is very important in this line of business. Above-discussed stocks top the list of the great ideas that will dominate in the 2020 stock market. Select your best stock as early as now.